408 N Sarah Street

    St Louis, MO 63108
    • $239,000
    • STATUS: Active
    • ON SITE: 205 days
    • ID#: 17085205
    UPDATED: 114 min ago
    $239,000
    • 0
      BEDS
    • 0.12
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 11,753
      SQFT
    • $20
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1950
    County:
    Area:

    School Ratings & Info

    Description

    Previously a hardware store this building has unlimited potential- Multi family apartments, live/work, shop, warehouse, studio, office space, retail. Located in the Central West End 1 block from Lindell, 2 blocks from St. Louis University, close to Washington University Medical School, The Cortex. There are architectural plans to convert the building into 6 apartments along with commercial storage in the basement. Projected income for the 6 apartments and the storage once completed is $75,600 annually with a projected net income of $56,700. There is potential for a second story to be added or it could also be a rooftop deck for the apartments. The building is 11,753 Square Feet on three levels- Main level and basement are 5,310 sq ft each with the top floor 1,133, needs full renovation. Features include three phase electric service, freight elevator & loading dock. There is currently street parking only but the architectural plans outline how parking spots could be added in the rear.

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    Listing information © 2018 Mid America Regional Information Systems, Inc. Information from third parties deemed reliable but not verified. Data last update 2018-05-20T13:50:19.343.

    The Becky O'Neill Power Home Selling Team | RE/MAX Gold:636-326-2290
    www.beckyoneill.com/homes/78198939

    408 N Sarah Street St Louis, MO 63108

    • Price: $239,000
    • Status: Active
    • Updated: 114 min ago
    • ID#: 17085205
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.12
    Acres
    11,753
    SQFT
    $20
    $/SQFT
    1950
    Built
    Neighborhood:
    Lindells Add 02
    County:
    St Louis City
    Area:
    Central West
    Property Description
    Previously a hardware store this building has unlimited potential- Multi family apartments, live/work, shop, warehouse, studio, office space, retail. Located in the Central West End 1 block from Lindell, 2 blocks from St. Louis University, close to Washington University Medical School, The Cortex. There are architectural plans to convert the building into 6 apartments along with commercial storage in the basement. Projected income for the 6 apartments and the storage once completed is $75,600 annually with a projected net income of $56,700. There is potential for a second story to be added or it could also be a rooftop deck for the apartments. The building is 11,753 Square Feet on three levels- Main level and basement are 5,310 sq ft each with the top floor 1,133, needs full renovation. Features include three phase electric service, freight elevator & loading dock. There is currently street parking only but the architectural plans outline how parking spots could be added in the rear.
    Exterior Features

    Building Type 2 StoriesLoft Construction Conventional Exterior BrickConcrete/BlockMetal Or Steel Land Info Available Lot Dimensions 52X102 Parking Description Other Parking Spaces 0 Road Access Alley Access Road Frontage 52 Roof Flat Unit Location City

    Interior Features

    Cooling Central-Gas Heating Forced Air Interior Walls Plaster Miscellaneous AlleyFreight ElevatorLoading Docks Sq Ft First Floor 5310 Sq Ft Second Floor 1133

    Property Features

    Assessed Value Land 6800.00 Association St. Louis Association of REALTORS Building Fuel Gas Commercial Property Type Commercial LandMulti-Family LandOtherRetailSpecial Purpose/Use Conditions Unknown Cross Street Address Mcpherson Ave Current Use Retail Disclosures Sellers Discl Not Av Electric Service 3 Phase Gross Operating Income 0.00 Lot Size Source County Records Net Income 0.00 Offering Sale Operating Expense ElectricityMaintenanceProperty InsuranceReal Estate TaxWater & Sewer Possession At Closing Possible Buyer Fees YN No Potential Use Convenience StoreFood/Bev/RestaurantOffice/GeneralResidenceRetail Operation Sale Includes Building & Land Selling Terms CashExchangePrivateOther Sewer Public Special Listing Conditions None Square Footage Source Owner Tax Exempt 0 Tax Year 2016 Taxes Paid 2606 Total Expenses 7200.00 Utilities Available ElectricGasWater Water Public Zoning F

    Listing provided courtesy of Invest St. Louis. Listing information © 2018 Mid America Regional Information Systems, Inc.
    Listing information © 2018 Mid America Regional Information Systems, Inc. Information from third parties deemed reliable but not verified. Data last update 2018-05-20T13:50:19.343.

    The Becky O'Neill Power Home Selling Team | RE/MAX Gold:636-326-2290
     
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